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Thomas P. Drinka, Ph.D. and Robert L. McNutt

Market Profile Part 2 by Thomas P. Drinka, Ph.D. and Robert L. McNutt

ARTICLE SYNOPSIS ...Market Profile
Part 2
by Thomas P. Drinka, Ph.D. and Robert L. McNutt
The market is composed of time, price and volume. Each day, the market--in attempting to facilitate
trade--develops a price range delineated by the daily high and low and a Value Area where most of the
prices congregate. Volume is generated by the interaction of time and price.
A ""brief time/price relationship"" is established when price does not remain in a particular range for a long
time period. In this case, the market does not accept a particular price or price area and moves away from
it.
An ""extended time/price rel...